Industrial
ElmTree Funds Buys Pepsi Bottling Facility
With the help of HFF, Armada Hoffler Properties sold the newly built distribution center in Richmond, Va., totaling more than 220,000 square feet.
Where Generation Meets Innovation
Nine promising initiatives from the U.S. and abroad point to the future of power, procurement and clean energy.
Distribution Center in OH Acquired in 1031 Exchange
The 33,197-square-foot property carries a cap rate of 7.93 percent, with more than four years of remaining lease term. Third Coast purchased the asset for $3.4 million.
JV Breaks Ground on CA Manufacturing Facility
Morton Commerce Center, formerly the site of Morton Salt in Newark, will comprise four buildings totaling more than 600,000 square feet.
NGP Pays $142M for DC-Area Business Park
Avison Young arranged the sale of the nine-building property situated in Lorton, Va., between the Pentagon and Marine Corps Base Quantico.
Apex Clean Energy Buys 442.5MW of Solar Projects in VA
The solar capacity is distributed into four projects currently underway across Virginia. Upon completion, the company’s portfolio is anticipated to power approximately 72,000 homes.
Enel Begins Work on 450MW Wind Farm in Texas
Upon completion, the project will be Enel’s largest wind farm, anticipated to generate around 1.7TWh annually and prevent the emission of more than 1.1 million tons of carbon dioxide per year.
CA Industrial Park Changes Hands
The industrial park consists of two buildings totaling more than 146,000 square feet. The properties have recently undergone $2.6 million in renovations.
Genet Property Group Buys FL Industrial Portfolio
The purchase included Fairfax Industrial Park in Riviera Beach and 7150 Devons Road in West Palm Beach. Cushman & Wakefield represented the seller in the transaction.
Construction Begins on 2 LA-Area Industrial Facilities
Prologis is developing two Class A industrial buildings totaling more than 346,000 square feet in Vernon, Calif., a town with an industrial inventory of about 56 million square feet.